Howmet Aerospace Inc. (HWM) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $92.1B
P/E (TTM): 49.79
Price / sales: 10.11
EV / EBITDA: 34.39
Price / book: 16.07

Cash flow

FCF yield: 1.9%
SBC-adjusted FCF yield: 1.5%
SBC impact: 4.1%
Stock compensation (TTM): $73M

Margins & growth

Profit margin: 20.5%
Operating margin: 27.4%
Quarterly revenue (year on year): 24.1%
Quarterly earnings (year on year): 31.2%

Balance sheet

Cash & investments: $563M
Debt: $4.7B
Net cash / (debt): -$4.1B

Where the revenue comes from

Aerospace Commercial is 52% of revenue.

By product or service

Year to Dec 31, 2025 · $8.3B

Aerospace Commercial52%
$4.3B+11.7% vs. a year earlier
Aerospace Defense17%
$1.4B+21.0% vs. a year earlier
Commercial Transportation15%
$1.2B-4.6% vs. a year earlier
Gas Turbines11%
$944M+25.0% vs. a year earlier
Product and Service Other4%
$329M-0.9% vs. a year earlier

By business segment

Year to Dec 31, 2025 · $8.3B

Engine Products52%
$4.3B+15.9% vs. a year earlier
Fastening Systems21%
$1.7B+10.7% vs. a year earlier
Engineered Structures14%
$1.2B+8.6% vs. a year earlier
Forged Wheels13%
$1B-1.4% vs. a year earlier

By region

Year to Dec 31, 2025 · $8.3B

United States53%
$4.4B+17.9% vs. a year earlier
Other Geographical Regions12%
$1B+9.0% vs. a year earlier
France8%
$625M-7.8% vs. a year earlier
Japan6%
$513M+44.5% vs. a year earlier
Germany5%
$439M-4.1% vs. a year earlier
United Kingdom5%
$376M+7.4% vs. a year earlier
Italy3%
$264M-8.0% vs. a year earlier
Canada2%
$187M+7.5% vs. a year earlier
Mexico2%
$166M-24.5% vs. a year earlier
Poland2%
$150M-1.3% vs. a year earlier
China2%
$130M+26.2% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$9.12BQ2 2026+5.7%

1Y: +18.08%2Y: +28.54%5Y: +90.89%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$2.8BQ2 2026+7.9%

1Y: +29.54%2Y: +67.34%5Y: +191.46%

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

$1.87BQ2 2026+7.3%20.5% of revenue

1Y: +33.93%2Y: +100.54%5Y: +532.09%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

20.5%Q2 2026+1.5%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$1.79BQ2 2026+8.2%

1Y: +75.93%2Y: +84.26%5Y: +1,868.13%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

$4.64Q2 2026+7.7%

1Y: +35.67%2Y: +106.22%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

404MQ2 2026-0.2%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

63.3xQ2 2026+5.5%

63.3x today · median 41.7x and range 27.6x–63.3x across the points shown, Q4 2021 to Q2 2026

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

Dividends paid

$228MQ2 2016+0.9%

1Y: +13.43%2Y: +68.89%5Y: +79.53%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About Howmet Aerospace Inc.

Ticker: HWM
SEC classification: Rolling Drawing & Extruding of Nonferrous Metals (3350)
Listed on: NYSE
Incorporated in: DE
Financial year ends: December 31
Filer size: Large accelerated filer

About this data

Everything above comes from Howmet Aerospace Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Splits applied: 3:1 on Sep 30, 2016 and 3:1 on Oct 5, 2016. Per-share history is restated onto today’s basis, so a split does not appear as a cliff.

Not reported by this filer: Gross Profit, Interest Income, Non-interest Income, Non-interest Expense, Deposits, Loans, Short-term Investments, Borrowings (total), Finance Lease (current), Finance Lease Liabilities (total), and Finance Lease (noncurrent). Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $92.1B
P/E (TTM): 49.79
Price / sales: 10.11
EV / EBITDA: 34.39
Price / book: 16.07

Cash flow

FCF yield: 1.9%
SBC-adjusted FCF yield: 1.5%
SBC impact: 4.1%
Stock compensation (TTM): $73M

Margins & growth

Profit margin: 20.5%
Operating margin: 27.4%
Quarterly revenue (year on year): 24.1%
Quarterly earnings (year on year): 31.2%

Balance sheet

Cash & investments: $563M
Debt: $4.7B
Net cash / (debt): -$4.1B

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

About this data

Everything above comes from Howmet Aerospace Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Splits applied: 3:1 on Sep 30, 2016 and 3:1 on Oct 5, 2016. Per-share history is restated onto today’s basis, so a split does not appear as a cliff.